Markets

Morning Natural Gas Market Report

January natural gas prices had a gap lower open Thursday evening and has fallen to a new contract low this morning. The market rallied yesterday in a very active trade on a favorable EIA storage data. The weekly natural gas storage report showed a draw of 20 bcf, which brought total storage to 3,831 bcf or 8.7% above the 5 year average. While this figure is off the all time high storage level set 2 weeks ago, it is a record high level for this time of the year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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